Report: Donald Trump Exaggerates Value of Golf Courses

PGA CEO Pete Bevacqua, Donald Trump and PGA President Ted Bishop at a press conference to announce that Trump Bedminster will host the 2022 PGA Championship.

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Donald Trump is a rich man, but he might not be quite as rich as he says he is.

The real estate mogul turned golf course developer turned reality TV star announced his bid for the Republican presidential nomination on Tuesday and subsequently released a summary of his net worth that valued his assets — including his 17 golf properties — at nearly $9 billion.

Trump claims his portfolio of U.S. courses — which includes such championship-caliber tracks as Trump National Doral Golf Club in Miami, Trump National Golf Club in Bedminster, N.J., and the recently opened Trump Golf Links at Ferry Point, in the Bronx, N.Y. — are worth about $1.86 billion. (That includes club facilities and related real estate.)